TREASURE AUCTION #3
The Michael Goldston Collection of Silver “Tumbaga” Bars (ca. 1528)
Michael Goldston has been an avid investor his whole life, starting at age eight in 1962 when he began collecting coins. His parents assisted his pursuit by getting bags of coins at different banks for him to search through. In the late 1960’s he converted everything he owned into gold and silver and was able to pay the majority of his way through college in the early 1970’s with the profits. A graduate of Vanderbilt University with double majors in economics and business administration, Michael knew what he would do after college. After eight years working as an investment adviser in Nashville at regional and national investment firms, he started his own firm in 1987. Cambridge Way, Inc., a full-service investment firm, recently celebrated its 20th anniversary. Cambridge Equity Advisors, Inc., an investment management firm, followed in 1989. Along the way, Goldston received numerous awards, including INC.500 in 1994 and two awards in 2000 and 2002 from Medical Economics as one of “The Top 150 Best Financial Advisers for Doctors,” in addition to various articles written by him or about him in dozens of major financial publications. A lifelong coin collector, Goldston built and sold several top collections over the years, including an extensive collection of more than 100 Liberty Seated Half Dollars, all in mint state; an almost complete collection of high-end Liberty Head “V” nickels in MS-66 or better; one of the largest collections of English milled five guinea gold pieces; hammered English medieval gold coins; and, most recently, rare English coins, his current passion. In 1996 he became fascinated with the silver “tumbaga” bars discovered in 1992 and marketed by Dan Sedwick. Immediately recognizing both the historical significance of the bars and their investment merits, Michael bought over 10% of the whole find, more than 20 bars, diversifying the purchases between the four assayers of the bars. He has enjoyed being the custodian for the bars the past 11 years after they spent over 450 years on the ocean floor. Goldston raises alpacas on the side (“The World’s Greatest Livestock Investment”), and with his wife Charlotte, owns High Meadow Alpacas, LLC, the largest alpaca farm in the South. Michael also serves on several regional and national alpaca industry committees. In his spare time, he and his wife also developed one of the most expensive subdivisions in Nashville. When not working, Michael is an avid weight lifter, a competitive tennis player, and he enjoys reading, learning, traveling and searching for his next investment idea!
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